AI Insights · Timothy · October 2021
Top 5 Investing and Financial Management Apps in South Africa for Q3 2021
An overview of the performance of the top 5 investing and financial management apps on a unified platform in South Africa during Q3 2021, based on Sensor Tower data.
The third quarter of 2021 saw intriguing trends for the top 5 investing and financial management apps in South Africa. Here's a detailed look at their performance based on Sensor Tower data.
Luno: Buy Bitcoin & Crypto experienced stable weekly downloads throughout the quarter, averaging around 22K. The highest downloads were recorded in the week of August 9, with approximately 24.4K. Weekly active users fluctuated, peaking at nearly 143K in the week of September 13 and ending the quarter at about 114K.
IQ Option – FX Broker saw a decline in weekly downloads over the quarter, starting with around 24K in early July and dropping to approximately 7.2K by the end of September. Active users also decreased from around 92K in late June to about 65K by the end of the quarter.
MetaTrader 4 maintained a consistent download rate, with weekly downloads averaging around 11K. Active users showed a positive trend, increasing from about 69K at the beginning of the quarter to roughly 78K by the end of September.
EasyEquities demonstrated fluctuating download numbers, peaking at nearly 14.8K in mid-August. Active users saw a significant increase, peaking at approximately 105K in mid-August, before stabilizing around 94K by the end of the quarter.
AvaTradeGO - Trading App showed steady growth in weekly downloads, reaching a peak of about 11.4K in mid-August. Active users followed a similar trend, starting at around 18K in late June and rising to approximately 30K by the end of September.
For more insights and detailed data on app performance, visit Sensor Tower.
